EA Eliott Fibo MT4 + SetFiles

Description

EA Eliott Fibo MT4 + SetFiles

1. Strategy Overview:

   • The EA Eliott Fibo MT4 + SetFiles is a trading robot designed for the Metatrader 4 (MT4) platform.
   • It operates based on Fibonacci levels, specifically targeting the 38.2% retracement level.
   • The primary goal is to identify the overall trend and capitalize on pullbacks toward the 38.2% Fibonacci retracement level.

2. Minimum Deposit:

   • To start using this EA, a minimum account balance of $250 is recommended.

3. Timeframe:

   • The EA performs optimally on the following timeframes:
     • H1 (1-hour)
     • Higher timeframes such as H4 (4-hour) and D1 (daily) are also suitable.

4. Currency Pair:

   • The recommended currency pair for running the EA is GBPUSD (British Pound vs. US Dollar).

1. Trading Approach:

   • The EA waits for price retracements to the 38.2% Fibonacci level.
   • When the price reaches this level, it opens either a buy or sell trade based on the prevailing trend.

2. Risk Management:

   • The EA allows you to set parameters such as stop loss and take profit to manage risk effectively.

3. Download Links:

   • You can download the EA from our website: https://yoforex.org/product/ea-eliott-fibo-mt4-setfiles/
   • Join our Telegram channel for updates and discussions: https://t.me/yoforexrobot Telegram

Remember to test the EA on a demo account first to understand its performance over an extended period.

📈🤖Happy trading 📈🤖